AFC Energy Management

Management criteria checks 2/4

AFC Energy's CEO is Gary Bullard, appointed in Sep 2024, has a tenure of less than a year. directly owns 0.15% of the company’s shares, worth €147.13K. The average tenure of the management team and the board of directors is 1.9 years and 2.9 years respectively.

Key information

Gary Bullard

Chief executive officer

UK£100.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.1%
Management average tenure	1.9yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO

Gary Bullard (67 yo)

less than a year

Tenure

UK£100,000

Compensation

Mr. Gary Bruce Bullard, B.Sc, serves as Executive Chairman at Recycling Technologies Limited since 2022. He is Executive Chairman of AFC Energy plc from July 22, 2024 and also serves as Interim CEO Since S...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gary Bullard	Interim CEO & Executive Chairman	less than a year	UK£100.00k	0.15% € 147.1k
Peter Dixon-Clarke	CFO & Executive Director	1.9yrs	UK£355.29k	no data
David Harvey	Chief Technology Officer	3.5yrs	no data	no data
Michael Rendall	Chief Technology Officer of Hydrogen Processing Division	3.7yrs	no data	no data
Brendan Keane	Company Secretary	1.1yrs	no data	no data

1.9yrs

Average Tenure

Experienced Management: QC8's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Bullard	Interim CEO & Executive Chairman	3.6yrs	UK£100.00k	0.15% € 147.1k
Peter Dixon-Clarke	CFO & Executive Director	1.9yrs	UK£355.29k	no data
Duncan Neale	Senior Independent Director	1.3yrs	UK£13.00k	no data
Monika Biddulph	Independent Non-Executive Director	2.9yrs	UK£50.00k	no data
Gerald Agnew	Independent Non-Executive Director	5.2yrs	UK£50.00k	0.073% € 72.2k

2.9yrs

Average Tenure

59yo

Average Age

Experienced Board: QC8's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

AFC Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Interim CEO & Executive Chairman recently bought €54k worth of stock

AFC Energy plc Appoints Mike Rendall as Managing Director for Hyamtec Limited

AFC Energy plc Announces Chief Executive Office Changes

AFC Energy Announces Stepping Down of Adam Bond as CEO

AFC Energy plc, Annual General Meeting, Apr 25, 2024

Less than half of directors are independent

Recent updates

Interim CEO & Executive Chairman recently bought €54k worth of stock

New minor risk - Market cap size

AFC Energy plc Appoints Mike Rendall as Managing Director for Hyamtec Limited

AFC Energy plc Announces Chief Executive Office Changes

Now 24% overvalued

ACCIONA's First 45kVA H-Power Generator

First half 2024 earnings released: UK£0.011 loss per share (vs UK£0.008 loss in 1H 2023)

AFC Energy Announces Stepping Down of Adam Bond as CEO

Now 20% undervalued

AFC Energy Announces Ammonia Cracker Integration Improves Engine Combustion Performance

AFC Energy plc Delivers Its Highest Power Rated 200Kw H-Power Generator

Now 22% undervalued after recent price drop

New minor risk - Shareholder dilution

New major risk - Share price stability

AFC Energy plc, Annual General Meeting, Apr 25, 2024

Full year 2023 earnings released: UK£0.024 loss per share (vs UK£0.022 loss in FY 2022)

AFC Energy plc (AIM:AFC) signed an agreement to acquire UK Mobile Hydrogen Storage and Distribution Assets from Octopus Hydrogen.

AFC Energy plc (AIM:AFC) signed an agreement to acquire UK Mobile Hydrogen Storage and Distribution Assets from Octopus Hydrogen.

AFC Energy plc Announces the Latest Milestone in the Accelerated Development of Its Modular, Scalable Ammonia Cracker Technology

Less than half of directors are independent

First half 2023 earnings released: UK£0.008 loss per share (vs UK£0.011 loss in 1H 2022)

AFC Energy plc Announces Board Changes

New major risk - Share price stability

Afc Energy plc Announces Board Changes

AFC Energy plc Announces Intention of Joe Mangion to Retire as Non-Executive Director and Chair of the Audit Committee

Full year 2022 earnings released: UK£0.022 loss per share (vs UK£0.013 loss in FY 2021)

AFC Energy plc Announces Director Changes

AFC Energy Announces Details of the Latest in A Series of Field Trials of the H-Power Tower on UK and European Construction Sites

Less than half of directors are independent

AFC Energy Provides Methanol Fuel Tower Field Trial

AFC Energy plc Appoints Peter Dixon-Clarke as Chief Financial Officer

AFC Energy PLC Announces Resignation of Graeme Lewis as Chief Financial Officer

Less than half of directors are independent

AFC Energy Announces the Launch of Its New Hydrogen Fueled "Power Tower EV" Integrating for the First Time ABB's AC Charging Solution

Independent Non-Executive Chairman John Rennocks has left the company

AFC Energy plc, Annual General Meeting, Apr 14, 2021

AFC Energy Announces Retirement of John Rennocks as Non-Executive Chairman

AFC Energy plc to Report Fiscal Year 2020 Results on Mar 01, 2021

AFC Energy plc Appoints Michael Rendall as Its New Chief Engineer and Product Officer, Effective from March 1, 2021

AFC Energy plc to Unveil New, Zero Emission Power Generator to Be Featured in the Inaugural Extreme E Electric SUV Racing Series That Begins in April 2021

Afc Energy plc Announces Strategic Collaboration with Ricardo plc to Develop Global Applications for Hydrogen Power Generation

New 90-day high: €0.72

AFC Energy plc Announces the Signing of Strategic Partnership with ABB

New 90-day high: €0.43

AFC Energy plc Appoints Iain Thomson as Its New Head of Communications & Stakeholder Management, Effective from 4 January 2021

New 90-day high: €0.24

New 90-day low - €0.21

New 90-day low - €0.21

AFC Energy plc has completed a Follow-on Equity Offering in the amount of £31.6 million.

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age